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Harris County/Houston/77077

77077

ZIPSAFMR
Harris County, TX
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460$1,090
1 BR$1,490$1,170
2 BR$1,770$1,680
3 BR$2,390$2,270
4 BR$2,960$2,840
5 BR$3,404Not available
6 BR$3,915Not available
7 BR$4,502Not available
8 BR$5,177Not available

Purchase Price Calculator

Maximum purchase price
$187,731

Cost breakdown

+Likely effective rent$1,680
HUD FMR$1,770
Market rentUsed$1,680
Est. payment standard (97%)$1,710
-Principal and interest-$949
Loan amount$150,185
Down payment$37,546
Rate6.50%
Term30 years
-Operating costs-$531
Property taxes-$188
Insurance-$175
Utilities$0
HOA$0
Management-$168
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,015(72.0% ROI)
Projected value
$202,166
Return breakdown
Property appreciation+$14,435
Loan principal paid down+$5,381
Rental cash flow+$7,200
5-year hold
+$46,265(123.2% ROI)
Projected value
$212,400
Return breakdown
Property appreciation+$24,669
Loan principal paid down+$9,595
Rental cash flow+$12,000
10-year hold
+$99,444(264.9% ROI)
Projected value
$240,311
Return breakdown
Property appreciation+$52,581
Loan principal paid down+$22,864
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.34
1 BR
1.27
2 BR
1.05
3 BR
1.05
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 77077 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 77077 (Houston, TX) is $1,770 a month. That is down 7.8% from $1,920 in FY 2026. Houston is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,497. Among 229 ZIP codes in Harris County, 77077 is tied for the 35th-highest two-bedroom rent (county range $1,020–$2,250). The median county two-bedroom FMR in Texas is $1,105, so ZIP 77077 is 60% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 77077
BedroomsFY 2027Change90–110% range
Studio$1,460−6.4%$1,314–$1,606
1BR$1,490−7.5%$1,341–$1,639
2BR$1,770−7.8%$1,593–$1,947
3BR$2,390−7.4%$2,151–$2,629
4BR$2,960−8.1%$2,664–$3,256

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 77077
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,460$1,490$1,770$2,390$2,960
FY 2026$1,560$1,610$1,920$2,580$3,220
FY 2025$1,520$1,590$1,900$2,530$3,190
FY 2024$1,340$1,420$1,700$2,240$2,880
FY 2023$1,330$1,420$1,690$2,230$2,880

Two-bedroom rent in nearby Harris County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 77077
77071$1,160−34.5%
77072$1,380−22.0%
77073$1,430−19.2%
77074$1,260−28.8%
77075$1,310−26.0%
77076$1,260−28.8%
77077Current$1,770—
77078$1,470−16.9%
77079$1,860+5.1%
77080$1,380−22.0%
77081$1,260−28.8%
77082$1,570−11.3%

Questions about ZIP 77077 rents

How much will Section 8 pay for a two-bedroom in ZIP 77077?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,497, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,347 to $1,647 a month; under the ZIP-level Small Area FMR of $1,770 it would be $1,593 to $1,947. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 77077 in?

ZIP 77077 is in the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,497.

How much did fair market rent change in ZIP 77077 for FY 2027?

The two-bedroom FMR fell 7.8%, from $1,920 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 4.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentHouston, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources